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Credit Card 3-Day Grace Period – What Has Changed? By Rajeev Pathak May 1, 2026 In a significant move to improve fairness and helpful approaches in retail lending, the Reserve Bank of India (RBI) has introduced a 3-day grace period for credit card payments . These instructions come into effect from 1 April 2027 . Key Definitions Before understanding the rule, let’s clarify some important terms: 📅 Due Date The last date by which you must pay your credit card bill to avoid penalties and interest. ⏳ Grace Period (New Concept) A buffer of up to 3 days after the due date , during which: Late fees may not be charged immediately “Past due” tagging may be deferred 👉 Important: This is not an extension of the due date ⚠️ Past Due Status When your payment is not received on time, the account is marked as “past due” , which can impact your credit report. 👉 Under new rules, this tagging may happen after 3 days , not immediately. 🏦 NPA (Non...

Paytm Bank Licence Cancelled: What does it mean?   By Rajeev Pathak April 26, 2026 India’s fintech ecosystem witnessed a major disruption after the Reserve Bank of India (RBI) cancelled the banking licence of Paytm Payments Bank (PPB). The country's central bank has effectively shut down the bank’s operations, raising serious concerns among millions of users associated with Paytm. But what exactly has happened? Is this a complete shutdown? And most importantly, what does it mean to you, particularly if you are a Paytm wallet user or maintain a savings bank account with Paytm Payment Bank? Let’s break it down in a simple, practical way. Paytm Payment Bank licence cancellation – what does it mean? The RBI has cancelled the licence and curbed the operations of Paytm Payments Bank , barring it from: Accepting fresh deposits Allowing credit transactions into accounts Issuing new wallet or banking services This action was taken due to persistent re...

  How to save more tax under the old regime?   By Rajeev Pathak April 11, 2026 Income above ₹12 lakh? , the old tax regime can actually help you save more , provided you use the available deductions smartly. Unlike the new regime, the old tax system allows you to reduce taxable income through multiple deductions and exemptions . When used properly, the old regime lowers your tax and helps you build long-term wealth. In this guide, let’s break down 6 powerful ways to save tax under the old tax regime in India . Example: ₹15 Lakh Salary – Old vs New Regime Let’s understand this with a simple example: Annual Income: ₹15 lakh Deductions claimed: Section 80C: ₹1.5 lakh Section 80D: ₹25,000 Home loan interest: ₹2 lakh 👉 Total deductions: ₹3.75 lakh 👉 Taxable income reduces to ₹11.25 lakh ✔ This significantly lowers your tax liability compared to the new regime (where most deductions are not allowed). 👉 Insight: The higher your ...